TIDMHID
RNS Number : 9649W
Hidong Estate PLC
20 November 2017
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2017
The results for the half year ended 30 September 2017 are given
below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September
2017
Half year Half year Year ended
ended ended
30 Sept 30 Sept 31 Mar
2017 2016 2017
RM RM RM
Administrative expenses (60,370) (91,000) (201,209)
Operating loss (60,370) (91,000) (201,209)
Income from investments 38,715 29,266 37,116
Gain on disposal of
investments 23,671 - 10,016
Interest receivable
and similar income 167,100 186,321 407,013
------------------- ------------------ -----------------
Profit on ordinary
activities before
taxation 169,116 124,587 252,936
Tax on profit on ordinary
activities (40,104) (44,717) (89,281)
------------------- ------------------ -----------------
Profit for the period 129,012 79,870 163,655
------------------- ------------------ -----------------
Basic and diluted 7.53 sen 4.66 sen 9.55 sen
profit per 10p share
Notes:
1. The directors do not propose to pay any interim dividend (2016 : RM Nil).
2. Copies of the Interim Report are available from the Company's
registered office at Neville House 18 Laurel Lane Halesowen West
Midlands B63 3DA.
Penang CHEW SING GUAN
20 November 2017 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2017
As at As at As at
30 Sept 30 Sept 31 Mar
2017 2016 2017
RM RM RM
Fixed assets
Investments 1,096,107 1,074,173 1,141,457
Current assets
Debtors - - 25,547
Deposits 10,700,000 10,600,081 10,700,081
Cash at bank and in
hand 238,335 222,615 146,191
------------ ------------ ------------
10,938,335 10,822,696 10,871,819
------------ ------------ ------------
Current liabilities
Creditors : amount
falling due within
one year (381,634) (526,338) (489,480)
------------ ------------ ------------
(381,634) (526,338) (489,480)
------------ ------------ ------------
Net current assets 10,556,701 10,296,358 10,382,339
Net assets 11,652,808 11,370,531 11,523,796
------------ ------------ ------------
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Fair value reserve 328,790 259,310 328,790
Profit and loss account 10,256,172 10,043,375 10,127,160
Shareholders' Funds 11,652,808 11,370,531 11,523,796
------------ ------------ ------------
These financial statements were approved by the Board of
Directors on 20 November 2017.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of Other Comprehensive Income for the half year ended
30 September 2017
Half year Half year Year ended
ended ended
30 Sept 30 Sept 31 Mar
2017 2016 2017
RM RM RM
Profit for the period 129,012 79,870 163,655
Other Comprehensive
Income
Unrealised gains on
investments - - 69,480
Total Comprehensive
Income for the period 129,012 79,870 233,135
---------- ---------- -----------
Hidong
Estate
PLC
Cash flow statement for the half year ended 30 September
2017
Half year Half year Year
ended ended ended
30 Sept 30 Sept 31 Mar
2017 2016 2017
RM RM RM
Cash flows from operating
activities
Profit for the period 129,012 79,870 163,655
Adjustments for:
Interest receivable and
similar income (167,100) (186,321) (407,013)
Gain on disposal of investments (23,671) - (10,016)
Income from investments (38,715) (29,266) (37,116)
Taxation 40,104 44,717 89,281
---------- ---------- -----------
(60,370) (91,000) (201,209)
Decrease in other creditors (103,775) (15,724) (44,845)
---------- ---------- -----------
(164,145) (106,724) (246,054)
Tax paid (44,174) (43,330) (95,631)
---------- ---------- -----------
Net cash used in operating
activities (208,319) (150,054) (341,685)
---------- ---------- -----------
Cash flows from investing
activities
Dividend received 38,715 29,266 31,572
Interest received 192,645 239,023 434,169
Purchase of investments (3,168) (3,290) -
Sale of investments 72,190 - 14,465
Decrease/(increase) in
deposits 81 - (100,000)
---------- ---------- -----------
Net cash from investing
activities 300,463 264,999 380,206
---------- ---------- -----------
Cash flows from financing
activities - - -
---------- ---------- -----------
Net increase in cash
and cash equivalents 92,144 114,945 38,521
---------- ---------- -----------
Cash and cash equivalents
at 1 April 146,191 107,670 107,670
Cash and cash equivalents
at 30September/31 March 238,335 222,615 146,191
This information is provided by RNS
The company news service from the London Stock Exchange
END
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